About TFS TOKEN :
TFS is a digital currency that will serve as an additional payment mechanism within the platform and will offer up new options to reward users for actively playing and utilizing TFS tokens within and outside the network’s borders. Our collaboration with TruePlay has enabled us to tokenize our loyalty program as well as provide new platform features that will attract new customers internationally.
Since the inception of Fairspin in 2018, we have earned the confidence of our devoted community as a reliable platform, with over 300.000 registered users and a daily pool of 10.000 active players. Everything we’ve done so far has been done to improve the user experience. As an industry leader, we’re always thinking about what’s next for Fairspin, and we’re happy to share that vision with you today.
What is Fairspin’s next step?
We’ve always viewed blockchain as the next stage in our platform’s growth toward openness and security. This is one of the main reasons we’ve chosen to collaborate with TruePlay to tokenize our reward program and launch our own token that will circulate within the network.
TruePlay is a safe business tokenization platform that, with the introduction of the TFS token, will allow us access to its ecosystem and offer up new opportunities for us and players alike.
What is the TFS token?
TFS token is a digital currency that will be used as an alternative payment option on the Fairspin platform and will eventually replace our present loyalty program. TFS can be transferred, withdrawn, or exchanged for fiat currency at any moment.
Key Points of the TFS token :
- The TFS coin is an ERC20 token.
- True, token mining is permitted. As a reward for participating, TFS tokens will be granted to all players at the end of the playday.
- TrueStaking of tokens will be made possible through the TruePlay widget on the platform’s interface.
- Token issuance is governed by smart contracts, which create a certain number of TFS tokens depending on the current exchange rate and daily GGR.
- TFS is a deflationary token with a limited supply, which means it has a restricted total quantity of tokens and a monthly buyback in which a specific proportion of tokens are removed from circulation.
Allocation of Tokens :
Token distribution is separated into four stages :
* First Stage :
TFS distribution will begin with three rounds of a Private Sale, Pre-Sale, and Dutch Auction, with a restricted amount of 15 million tokens available for purchase. The token price for each round will be fixed at $0.1 for the Private Round.
Pre-Sale Round: $0.15
On Dutch Auction, the starting price is one dollar, with a reserve price of two dollars.
* 2nd Stage :
Once the tokens have been sold, a pool of 10–20% of the tokens sold at the auction will be transferred to Uniswap, with the final auction price increasing by 50–100%.
* 3rd Stage :
The token staking program is accessible via the FairSpin dashboard, where you may profitably keep your tokens.
Options for staking:
1 day — Reward pool of 1% of FairSpin GGR
3 days — Reward pool of 3% of FairSpin GGR
7 days — Reward pool of 8% from FairSpin GGR
* 4th Stage :
Token distribution scheme will be launched with a restricted emission of 20% instantaneously and 2% weekly, which users may claim at any time.
More Info :
Website: http://tfstoken.com/
Twitter: https://twitter.com/tfsinfo?s=11
medium: https://tfstoken.medium.com/
Telegram Channel: https://t.me/tfstoken_channel
Telegram groups: https://t.me/tfstoken_group
Author
Forum Username: cryptopathum
Forum Profile Link: https://bitcointalk.org/index.php?action=profile;u=2088829
Telegram Username: @pathumbitcoin
BSC Wallet Address: 0x88c058389C0eaB00a3516273245C50Ca5141A34e
